Adjustment for Inaccurate Meters Sample Clauses

Adjustment for Inaccurate Meters. If the Metering System fails to register, or if the measurement made by the Metering System is found upon testing to be inaccurate by more than one-half of a percent (0.5%), an adjustment shall be made correcting all measurements by the inaccurate or defective Metering System for the amount of the inaccuracy and the period of the inaccuracy, in the following manner: (a) First, the readings of the Back-Up Metering System, if any, may be utilised to calculate the correct amount of Net Energy Output, unless a test of such Back-Up Metering System, as required by either Party, reveals that the Back-Up Metering System is inaccurate by more than one-half of a percent (0.5%) or is otherwise functioning improperly; (b) If there is no Back-Up Metering System or if the Back-Up Metering System is found to be inaccurate by more than one-half of a percent (0.5%) or is otherwise functioning improperly, then the Company and BPDB shall jointly prepare an estimate of the correct reading on the basis of all available information and such guidelines as may have been agreed to between the Company and BPDB; (c) In the event that BPDB and the Company fail to agree upon an estimate for the correct reading, BPDB shall make any payments to the Company required as a result of its estimate of the correct reading, which shall not in any event be greater than the last meter reading known to be correct, and the matter may be referred by either Party for determination by Expert pursuant to Section 19.3; and (d) The difference between the previous payments by BPDB for the period of inaccuracy and the recalculated amount shall be offset against or added to the next payment to the Company under this Agreement, as appropriate. If the period of inaccuracy cannot be accurately determined, it shall be deemed to have begun on the date which is midway between the date the meter was found to be inaccurate and the date of the last meter reading accepted by the Parties as accurate. In no event, however, shall any such adjustment be made for any period prior to the date on which the Metering System was last tested and found to be accurate within plus or minus one-half of a percent (0.5%) and not otherwise functioning improperly.
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Adjustment for Inaccurate Meters. If an Electric Metering Device, or Buyer’s Back-Up Metering, fails to register, or if the measurement made by an Electric Metering Device, or Buyer’s Back-Up Metering, is found upon testing to not be accurate within a tolerance limit of two (2) percent, an adjustment shall be made correcting all measurements by the inaccurate or defective Electric Metering Device, or Buyer’s Back-Up Metering, for both the amount of the inaccuracy and the period of the inaccuracy, in the following manner: 4.2.1 In the event that the Electric Metering Device is found to be defective or inaccurate, the Parties shall use Buyer’s Back-Up Metering, if installed, to determine the amount of the inaccuracy. The Parties shall mutually agree upon the necessary adjustment of the amount of Energy delivered during such period on the basis of the amount of Energy delivered from the Facility with defective meter and to the Transfer Point during periods of similar operating conditions when the Electric Metering Device was registering accurately. The adjustment shall be made for the period during which inaccurate measurements were made. 4.2.2 In the event that the Parties cannot agree on the actual period during which inaccurate measurements were made, the period during which the measurements are to be adjusted shall be (i) the last one-half of the period from the last previous test of the Electric Metering Device to the test that found the Electric Metering Device to be defective or inaccurate, or (ii) the one hundred eighty (180) Days immediately preceding the test that found the Electric Metering Device to be defective or inaccurate, whichever period is less. 4.2.3 To the extent that the adjustment period covers a period of deliveries for which payment has already been made by Buyer, Buyer shall use the corrected measurements as determined in accordance with this Article to re-compute the amount due for the period of the inaccuracy and shall subtract the previous payments made by Buyer for this period for such re- computed amount. If the difference is a positive number, the difference shall be paid by Buyer to Seller. If the difference is a negative number, that difference shall by paid by Seller to Buyer, or at the discretion of Buyer, may take the form of an offset against future payments due to Seller by Buyer. Payment of such difference by the owing Party shall be made not later than thirty (30) Days after the owing Party receives notice of the amount due, unless Buyer elects payment...
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Adjustment for Inaccurate Meters. If a Revenue Meter fails to -------------------------------- register, or if the measurement made by a Revenue Meter is found upon testing to be inaccurate by more than or less than one half of one percent (.5%), an adjustment shall be made correcting all measurements by the inaccurate or defective Revenue Meter for both the amount of the inaccuracy and the period of inaccuracy, in the following manner: 5.2.1 As may be agreed upon by the Parties, or 5.2.2 In the event that the Parties cannot agree on the amount of the adjustment necessary to correct the measurements made by any inaccurate or defective Revenue Meter, the Parties shall use Seller's backup metering, if installed, to determine the amount of such inaccuracy; provided, however, that Seller's backup metering has been tested and -------- ------- maintained in accordance with the provisions of this Section 5.2.
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Adjustment for Inaccurate Meters. If an Electric Metering Device fails to register, or if the measurement made by an Electric Metering Device is found upon testing to be inaccurate by more than one percent (1.0%), an adjustment shall be made correcting all measurements by the inaccurate or defective Electric Metering Device for both the amount of the inaccuracy and the period of the inaccuracy. The adjustment period shall be determined by reference to Seller’s check-meters, if any, or as far as can be reasonably ascertained by Seller from the best available data, subject to review and approval by Buyer. If the period of the inaccuracy cannot be ascertained reasonably, any such adjustment shall be for a period equal to one-half of the time elapsed since the preceding test of the Electric Metering Devices. To the extent that the adjustment period covers a period of deliveries for which payment has already been made by Buyer, Buyer shall use the corrected measurements as determined in accordance with this Section 10.6 to recompute the amount due for the period of the inaccuracy and shall subtract the previous payments by Buyer for this period from such recomputed amount. If the difference is a positive number, the difference shall be paid by Buyer to Seller; if the difference is a negative number, that difference shall be paid by Seller to Buyer, or at the discretion of Buyer, may take the form of an offset to payments due to Seller from Buyer. Payment of such difference by the owing Party shall be made not later than thirty (30) days after the owing Party receives notice of the amount due, unless Buyer elects payment via an offset.
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Adjustment for Inaccurate Meters. The following provisions of this Section
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Adjustment for Inaccurate Meters. If an Electric Metering Device fails to register, or if the measurement made by an Electric Metering Device is found upon testing to be inaccurate by more than one percent (1.0%), an adjustment shall be made correcting all measurements by the inaccurate or defective Electric Metering Device for both the amount of the inaccuracy and the period of the inaccuracy. To the extent that the adjustment period covers a period of deliveries for which payment has already been made by Buyer, Seller shall use the corrected measurements as determined in accordance with this Section 8.4 to recompute the amount due for the period of the inaccuracy and shall subtract the previous payments by Buyer for this period from such recomputed amount. If the difference is a positive number, the difference shall be paid by Seller to Buyer or at the discretion of Seller, may take the form of an offset to payments due Seller by Buyer; if the difference is a negative number, the difference shall be paid by Buyer to Seller. Payment of such difference by the owing Party shall be made not later than thirty (30) days after the owing Party receives notice of the amount due, unless Seller elects payment via an offset.
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Adjustment for Inaccurate Meters. If an Electric Metering Device, or Seller’s Back-Up Metering, fails to register, or if the measurement made by an Electric Metering Device or Seller’s Back-Up Metering is found upon testing to not be accurate within a tolerance limit of two (2) percent, an adjustment shall be made correcting all measurements by the inaccurate or defective Electric Metering Device, or Seller’s Back-Up Metering, for both the amount of the inaccuracy and the period of the inaccuracy, in the following manner:‌
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Related to Adjustment for Inaccurate Meters

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